Bachelors / Masters IN AUSTRALIA
A network of world leading universities, outstanding learning & research facilities, inspiring lectures from brilliant instructors & unparalleled academic excellence, Australian education system offers them all with an exceptional student experience & qualifications that are valued world over.
Why Study in Australia?
Study in a country that has produced over 2.5 million global graduates and has set exceptional standards for global education. Pursue high-quality & globally recognized qualifications from world class institutions. Enhance your career prospects by gaining hands-on industry experience through placements and internships, make connections with global employers, and succeed in the global workforce. Feel welcomed & inspired in some of the most liveable cities that are rich with people from diverse nationalities and cultures from all over the world.
Quick facts
- 9 of World’s Top 100 Universities
- Choose from over 22,000 Courses across 1,100 Institutions
- 5 out of 30 Best Student Cities in the world are in Australia (QS Best Student Cities 2024)
- More than A$300 Million Invested in Scholarships for International Students
- Australian Universities have Produced 15 Nobel Laureates
- More than Half a Million International Students from 192 Countries
- Post Study Work Visa up to 5 years*
- Good Permanent Residency Prospects
Cost of Education in Australia
Types of Expenses | Annual Expenses in AUD | |
Tuition Fees for one-year (Indicative) | 35000 |
|
Living and Accommodation | 29710 |
|
Airfare to Australia (Indicative) | 2000 |
|
Visa Fees | 1600 |
|
Total Expenses | 68310 |
|
Careers & Industry Insights
Australia, the 12th-largest economy, is one of the wealthiest Asia–Pacific nations. After having enjoyed over two decades of economic expansion, Australia has become internationally competitive in financial and insurance services, technologies, and high-value-added manufactured goods. International students can look forward to high remuneration career prospects such as Medicine & Healthcare, Finance, IT, Mining & other Engineering Trades, Teaching & Social Work. Australian enjoy one of the highest standards of living in the world owing to a robust economy and a high employment rate with good quality of jobs.
COST OF EDUCATION:LIVING TUITION
Nine Australian universities are among the top World’s 100 as per the QS World University Rankings 2024, garnering a lot of interest from students wanting to make Australia their desired place for Overseas Education. This leading destination for international students is bolstered by the Group of Eight (Go8) universities, which are among the world’s best due to their focus on research.
As a result of its robust educational system, global reputation, booming cities, fantastic technology, stable economy, and high standard of living, Australia attracts many international students. The cost of education in Australia will vary based on factors such as the chosen university, the level of study, and the chosen study location in Australia.
So, in this article, we will have an insight into all the factors to be considered for your financial planning to study in Australia.
Annual Tuition Costs in Australia for International Students
To begin with, let us look into the Annual Tuition Costs in Australia for International Students. The average annual cost of a master’s degree in Australia is between AUD 25,000 to AUD 50,000, whereas the cost of pursuing a bachelor’s degree in the country ranges from AUD 24,000 to AUD 45,000. See the cost of attending some of Australia’s different course levels in the chart below:
Course Level | Average Yearly Cost |
Bachelor’s Degree | AUD20,000 to AUD45,000 |
Master’s Degree | AUD22,000 to AUD50,000 |
Doctoral Degree | AUD18,000 to AUD42,000 |
This is a range of cost to study which will surely vary from university to university.
Cost of Living & Other Expenses
Let us now investigate the living costs. Here are some of the expenses you might anticipate while living and learning in Australia.
The cost of living in Australia varies for international students depending on where they live and how far they commute. Students can better prepare for the financial commitments associated with studying in Australia if they have a good knowledge of the typical costs involved.
The following prices are meant solely as a rough estimate, as they do not consider your financial situation or spending habits.
Accommodation
Guesthouses and hostels: AUD90 – AUD150 Per week
Monthly Rent: AUD45 – AUD105
Live on campus: AUD280 – AUD400 per week
Homestays: AUD235 – AUD325 per week
Rent: AUD185-AUD440 per week
Boarding schools: AUD11,000 – AUD22,000 per year
Sharing or temporary housing is the best way to reduce monthly housing expenses.
Additional Costs
Weekly cost of groceries and eating out: AUD140 to AUD280
Electricity and gas cost: AUD10 to AUD20 per week.
Phone and Internet: AUD15 to AUD30 weekly
Public transportation: AUD30 to AUD60 per week
Car (Note: Post Purchase): AUD150 to AUD260 per week
Entertainment: AUD100 to AUD200 a week
Other Cost Factors
For better financial planning, we will also have to consider the costs incurred before departure and those incurred once in the country.
The cost of standardized tests, application fees to universities, visa fees, and flight costs, all figure into the preliminary expenses. This will amount to almost AUD 3,000 before you set foot in Australia.
Therefore, the total annual expenses for an international student in Australia beyond the tuition cost is AUD 35,000. It covers lodging, food, transportation, internet access, and other incidentals.
Cost of Securing an Australian Student Visa
Students who have been accepted into an Australian University and wish to enter the country legally to pursue their studies must first get an Australian Study Visa. The base application fee for a subclass 500 Australian Student Visa is AUD 710, plus an additional AUD 530 (if over 18) or AUD 175 (If under 18).
The financial criteria for an Australian student visa are strict. The Department of Home Affairs routinely asks for evidence that you have enough money to support yourself while in Australia.
Having understood all the required cost factors let us now look into the aspect of how you can try to lessen the cost burden. One of the biggest contributing factors here will be scholarships. So, here’s an overview of some Australian Scholarships.
Australian Scholarships:
The Australian government, public and private colleges, and higher education institutes all give scholarships to international students who demonstrate academic merit. These can help Indian students lower their total cost of study in Australia.
Let’s look at some of the Scholarships:
- RMIT’s Future Leaders Scholarship: Students from India, Sri Lanka, Bangladesh, Bhutan, Nepal, or Pakistan who have been accepted into a Bachelor’s or Master’s by Coursework Program beginning with the 2023 intake at RMIT University are eligible to apply for this grant. The upside of this scholarship is that a 20% tuition fee reduction will happen for the program duration outlined in your offer letter.
- UNSW’s Future of Change Scholarship:Indian undergraduates and graduate students who participate in the program for at least the required period will get a yearly stipend of AUD 10,000. This scholarship is awarded annually according to merit.
- Macquarie University’s South Asia 10,000 AUD Early Acceptance Scholarship: Full-time international students who are starting an on-campus Bachelor’s or Master’s (coursework) program are eligible to apply. You should be a citizen of South Asian Nations (Bangladesh, Nepal, Pakistan, India, and Sri Lanka). Note that a credit of AUD 5,000 will be done each session.
If you are eligible for any of the scholarships it will be great and another way of covering some expenses will be Part-Time Work. Let’s look at that now.
Part-Time Work for International Students
International students in Australia are permitted to work up to 48 hours per fortnight. This is beneficial for two reasons: first, it reduces the financial strain of attending university in Australia, and second, it provides valuable experience working in a different nation.
However, students must pay taxes on their earnings while attending school. A Taxpayer Identification Number is required (TFN). The only acceptable method of applying for a TFN is through the official website itself. Over the threshold of AUD 18,200, all earnings are subject to taxation.
A couple of the tax brackets are as follows:
- AUD 18,201 – 45,000 – 19%
- 5% on earnings over AUD 45,000
To sum up we’ve got an overview of the cost to study in Australia and a few ways in which the expenses can be lowered if possible.
The Cost of Education & Living and the ways to get financial stability in Australia are covered in this article, the second stage comes where you need a guide, who has done this process of assisting Study Abroad Aspirants before.
Golden dream Overseas Education is your one-stop solution for Studying in Australia. Right from application to visa processing, we cater to all the needs of an Overseas Education Aspirant.
Learn more about Study Abroad Opportunities in Australia from the best study abroad consultants, Golden dream Overseas Education.
Types of Master’s Degrees
An Australian Master’s degree is a two-year degree program that offers mastery in a particular field of study. There are two types of master’s degrees offered at Australian Universities. They are as follows:
Masters by Coursework:
Masters by Coursework involves studying a set of core units, majors/minors, and/or a selection of electives. This qualification is a mix of theory & practical applications. It may also involve a minor thesis or completion of an industry project.
Masters by Research:
A Masters by Research is a degree that allows students to conduct in-depth research in their desired fields and independently handle a single large research project. This type of master’s degree is suitable for students looking forward to study for a Ph.D. program.
Top Universities for Masters
A Master’s Degree from an Australian University is recognized worldwide by top recruiters as the universities are popular for creating the leaders of tomorrow. Here is a list of universities in Australia, some of the topmost and popular ones falling in world’s top 200, according to their QS World Rankings of 2024:
Universities | QS Ranking |
The University of New South Wales, Sydney | 19 |
Monash University, Melbourne | 42 |
The University of Queensland, Brisbane | 43 |
University of Western Australia, Perth | 72 |
The University of Adelaide, Adelaide | 89 |
University of Technology Sydney, Sydney | 90 |
Macquarie University, Sydney | 130 |
RMIT University, Melbourne | 140 |
University of Wollongong, Sydney & Wollongong | 162 |
The University of Newcastle, Newcastle | 173 |
Curtin University, Perth | 183 |
Queensland University of Technology, Brisbane | 189 |
At the time of selecting a university, students must keep in mind the subject ranking of the university, the course curriculum of the intended majors, and career prospects in Australia.
Popular Study Programs
Australian Universities offer master’s degrees in all popular subject areas. Here are some of the most popular study options in Australia:
- Agriculture and agritech
- Architecture, construction and planning
- Business, management and entrepreneurship
- Creative arts and design
- Engineering, automation and technology
- Environmental sciences and sustainability
- Health science
- Information technology and computing
- Law
- Social work
- Teaching and education
Travel, tourism and hospitality
Eligibility Criteria
To study for a master’s degree at Australian universities, students need to fulfil the following requirements:
- Excellent Academic Track Record:
A student must have successfully completed a 4-year or 3-year bachelor’s degree with at least 55% from a recognized university.
- English Language Proficiency Tests:
A student is required to appear for either IELTS or PTE and meet the standard score requirement of overall 6.5 with no module less than 6.0 and equivalent.
- Active Participation in Extra-Curricular Activities:
Apart from decent academic record, having significant extra-curricular accomplishments can create an overall good profile.
- Statement of Purpose:
While assessing applications, universities expect students to back their documents with a good statement of purpose detailing their interest of studying the preferred program in Australia.
Cost of Study
The cost of education in Australia is on the higher side as compared to other overseas study destinations. It also depends on the chosen university, its location, and degree level. On an average, the tuition fee and living expenses for Australia are as follows:
Tuition Fees: AUD 30,000 to AUD 45,000 per year
Living Expenses: AUD 29,710 per year
Post Study Work Visa
International students are eligible to avail post-study work visa in Australia of up to 5* years depending on the city that they choose to pursue master’s from.
Career Prospects
It is easier to stay back in Australia and work after successful completion of studies when compared to other study abroad destinations. Students can work in the country and gain international experience after their masters.
Some of the demanding jobs in Australia are in the field of:
- Accounting
- Actuarial Science
- Agricultural Science
- Architecture
- Business and Data Analyst
- Construction & Civil Engineer
- Data Scientist
- Earth sciences and related fields
- Electrical and Computer Engineer
- IT specialist
- Nursing
- Social Worker
Wrap Up
So, in all Australia provides all that one looks for while checking for a Master’s degree abroad. Kick-start your postgraduate journey here and gain advantage of the globally recognised Australian Education System. If you’re thinking of taking that crucial first step towards pursuing master’s in Australia, do connect with us. Our dedicated team of Australia Experts will guide you through the complete process as per the latest guidelines being given by the Australian Government. Connect to Golden dream Overseas & fulfil your aspirations to Study Masters in Australia.
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